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Apr 23: Tocom Rubber Settles Up, But Crude May Cap Rise

[Dow Jones] Tocom rubber futures settle higher on technical rebound following recent decline, though weakness in crude oil market likely to limit upside potential, with Tocom expected to continue consolidating in near term in Y150-Y165 range pending fresh leads, say market observers. Benchmark September RSS3 contract settles Y4.8 higher at Y157.8/kg. New spot May and October benchmark contracts begin tomorrow. (ANJ)

Source: Dow Jones

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« Apr 22: Asian Physical Rubber Prices Dn As Futures Weigh
Apr 24: Tocom Rubber Settles Dn; May Stay Rangebound »

This entry was posted on Thursday, April 23rd, 2009 at 7:27 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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